Page:  of 368
 
7. THE MARGINAL EFFICIENCY OF CAPITAL 134
The Concept 35
Expectations 142
Secular Decline in the Marginal Efficiency of Capital 153
Some Practical Conclusions 156
8. INTEREST AND MONEY 161
Statement of the Theory of Interest 164
Liquidity Preference 168
Changes in the Quantity of Money 182
The Classical Theory of Interest 189
Observations on the Nature of Capital and Interest 193
Relation of the Marginal Efficiency of Capital to the
Rate of Interest 		196
9. MONEY WAGES AND PRICES 206
Money Wages and Employment 207
The Theory of Prices 222
10. WAR AND POSTWAR INFLATION 237
Wartime Inflation 241
Postwar Inflation 255
11. FURTHER APPLICATIONS OF KEYNES' GENERAL
THEORY OF EMPLOYMENT 		266
Business Cycles 266
International Economic Relations 279
Foreign Exchange Stabilization 285
12. THE DEVELOPMENT OF KEYNES' THOUGHT AND
THE SOCIAL PHILOSOPHY TOWARD WHICH IT
LEADS 		294
Development Prior to the Great Depression 296
The Break With the Classical Theory 310
Political Liberalism, Class Loyalties, and
Anti-Marxism 		318
The General Theory as a Program of Action 326
BIBLIOGRAPHY OF JOHN MAYNARD KEYNES' WRITINGS 336
INDEX 353

-xiv-

Questia, a part of Gale, Cengage Learning. www.questia.com

Publication Information: Book Title: The Economics of John Maynard Keynes: The Theory of a Monetary Economy. Contributors: Dudley Dillard - author. Publisher: Prentice-Hall. Place of Publication: New York. Publication Year: 1948. Page Number: xiv.
    
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